Podcasts about ABF

Stinkende Berge an Land, gigantische Strudel im Ozean, Mikroplastik schon im Mutterleib: Das Ausmaß, in dem Menschen mit Abfällen ihre Umwelt verändern, sind enorm. Wie konnte es soweit kommen? Und werden wir unser Müll-Problem je lösen?

Ob Gil, Xavier oder Andrew, bei Atze kann ab sofort jeder machen was er will. Klar, bei einigen fragt man sich: Kannst du nicht leise blöd sein? Egal, die Realität zeigt, die meisten sind eh so dumm wie 100 m Feldweg. Gut, dass Lena Meyer-Landrut wieder Mama wird, zumindest ist an der Front für Qualität gesorgt. Da bleibt nur noch die große Frage: Was wurde aus Onkel Dittmeier und wer hat die Punica Oase geklaut? Abführ‘n! Und zwar sofort!Instagram:https://www.instagram.com/atzeschroeder_offiziell/ Hosted on Acast. See acast.com/privacy for more information.

【謝晨彥分析師Line官方帳號】 https://lin.ee/cdWWQ9a 2026.02.24【2天狂飆1000點! 買記憶體. ABF. CPO?】#台股怪談 謝晨彥分析師 馬上加入Line帳號! 獲取更多股票訊息! LINE搜尋ID：@gp520 https://lin.ee/se5Bh8n 也可來電免付費專線洽詢任何疑問! 0800-66-8085 獲取更多股票訊息 #摩爾投顧 #謝晨彥 #分析師 #股怪教授 #股票 #台股 #飆股 #三大法人 #漲停 #選股 #技術分析 #波段 #獲利 #台股怪談 #大賺 -- Hosting provided by SoundOn

In dieser Folge treffen wir Boris und Sebastian vom Wu Dram Clan einem Indy-Bottler aus München, dem Schwarzwald und Kyoto, der nicht nur Whisky-, sondern auch Rum-, Cognac- und Armagnac-Einzelfassabfüllungen kuratiert und veröffentlicht – immer mit Fokus auf Qualität, Authentizität und Handwerk. Gemeinsam sprechen wir über:

We finally get the rest of the Appleton Beer Factory team on mic! Gary and Bobby host Jeff Fogle, Ben Fogle, and Carl Pierce to trace Appleton Beer Factory's origins. From Jeff's 1982 homebrew build and sanitary welding to ABF's DIY 22-tank system. They cover early ingredient hunts, business planning, recession-era funding, the ABF–McFleshman's collaboration, contract brewing, expansion and a proposed alley pipe?Visit ABF: https://appletonbeerfactory.com/PATREON SUPPORTpatreon.com/respectingthebeerpodcastUncut episodes with bonus contentAccess to exclusive beersAccess to 50-minute video tour of McFleshman'sFACEBOOK GROUPhttps://www.facebook.com/groups/respectingthebeerQUESTIONS?Email us at respectingthebeer@gmail.com--CHAPTERS00:00 Welcome to Respecting the Beer!01:12 Jeff Fogle's Origin Story03:11 Brewing Before the Internet04:19 Sourcing Ingredients the Hard Way05:56 Sanitary Welding 10108:21 Carl Pierce, ABF Partner11:53 Building the Appleton Beer Factory18:06 The DIY Brewery Build-Out19:51 Partnering with McFleshman's22:23 What's Next for ABF?25:34 A Pipe Over the Alley??26:32 What to Order at ABF28:07 Mount Rushmore of Brewing31:21 Support us on Patreon!--CREDITSHosts:Bobby Fleshman - https://www.mcfleshmans.com/Allison Fleshman -https://www.instagram.com/mcfleshmans/Joel HermansenGary Ardnt - https://everything-everywhere.com/everything-everywhere-daily-podcast/Music by Sarah Lynn Huss - https://www.facebook.com/kevin.huss.52/Recorded & Produced by David Kalsow - https://davidkalsow.com/Brought to you by McFleshman's Brewing Co

Fabio und Julian machen den Deep-Dive in die Welt der Myko-Architektur:

In this episode we're taking a thorough look at credit card receivables in asset-backed finance - a segment that's deeply intertwined with everyday consumer spending and one of the most granular, revolving pools in the ABF universe.

In dieser Bauchdetektiv-Geschichte erfährst du:wie eine Koloskopie-Vorbereitung genau abläuft.ob das Abführen deinem Darmzoo tatsächlich schadet.was Du nach der Koloskopie konkret tun kannst, um deinen Darm wieder gut aufzubauen.Links:PlantPoints Tracker https://myablefy.com/s/bauchdetektivin/PlantPoints-TrackerDarmaufbau-Tutorial https://myablefy.com/s/bauchdetektivin/darmaufbau-leicht-gemachtWebsite: https://www.danielamulle.at/Instagram: https://www.instagram.com/bauchdetektivin/YouTube-Kanal: https://www.youtube.com/@bauchdetektivin_danielamulleDisclaimer:Bitte vergiss nicht: Ein Podcast ersetzt natürlich nie eine individuelle medizinische oder psychische Gesundheitsberatung. Er stellt auch keine TherapeutIn-PatientIn-Beziehung dar, sondern dient ausschließlich zu Informations- und Bildungszwecken.

Ihr hört richtig, wir sind zwar Olympisch unterwegs aber immer noch euer Lieblings Gin Podcast. Wir haben eine kleine Abfüllung des Portobello Navys bekommen, was es dem Whugga schwer macht die Flasche zu beschreiben, aber wozu gibts denn das Internet? Wir sprechen fast nur über den Gin, über Olympia und der Don schwärmt von seinem ersten Besuch bei der Portobello Destillery in London. Wie uns der Gin schmeckt, woher wir die Probe haben und vielleicht doch ein wenig mehr, all das in unserer neuen Folge.

ਆਸਟ੍ਰੇਲੀਆਈ ਬਾਰਡਰ ਫੋਰਸ (ABF) ਨੇ ਸਿਡਨੀ ਵਿੱਚ ਬਿਨਾ ਐਲਾਨ (declaration) ਦੇ ਵਿਦੇਸ਼ੀ ਸ਼ਰਾਬ ਲਿਆਉਣ ਦੇ ਦੋਸ਼ ਵਿੱਚ ਭਾਰਤੀ ਮੂਲ ਦੇ ਦੋ ਪੁਰਸ਼ਾਂ 'ਤੇ ਕੁੱਲ 29,800 ਡਾਲਰ ਦਾ ਜੁਰਮਾਨਾ ਲਗਾਇਆ ਹੈ। ਅਤੇ ਉਨ੍ਹਾਂ ਦੇ ਵੀਜ਼ੇ ਰੱਦ ਕਰ ਦਿੱਤੇ ਹਨ। ਏਬੀਐਫ ਮੁਤਾਬਕ ਬੀਅਰ ਦੇ ਡੱਬਿਆਂ ਅੰਦਰ ਵਿਸਕੀ ਦੀਆਂ ਬੋਤਲਾਂ ਲੁਕਾ ਕੇ ਆਯਾਤ ਕਰਨ ਦੀ ਕੋਸ਼ਿਸ਼ ਕੀਤੀ ਗਈ। ਕੀ ਹਨ ਕਸਟਮ ਨਿਯਮ ਅਤੇ ਕੀ ਹੈ ਪੂਰਾ ਮਾਮਲਾ? ਜਾਣੋ ਇਸ ਪੌਡਕਾਸਟ ਵਿੱਚ।

Eva Maria Prehm beschäftigt sich in ihrer Arbeit den ganzen Tag mit Mist. Anstatt braune Bananenschalen, Apfelputzen oder Zucchini-Strünke verrotten zu lassen, erforscht sie, wie sich aus organischen Abfällen Biogas erzeugen lässt. Ihre Verbündeten sind Bakterien und Archaeen, die in speziellen Reaktoren organisches Material zu Methan abbauen. Das Problem: Verholzte Pflanzenmaterialien wehren sich, manche Inhaltsstoffe sind giftig für die empfindlichen Mikroorganismen. In Österreich speisen erst 16 Anlagen Biomethan ins Gasnetz ein – dabei könnte die Technologie gerade dort punkten, wo Elektrifizierung an Grenzen stößt.

Auto loans and leases exemplify ABF's enduring appeal: predictable, collateral-backed income in an uncertain world. As 2025 data affirms resilience amid challenges, this segment remains a cornerstone for diversified portfolios.

In this episode of the InsuranceAUM.com Podcast, host Stewart Foley, CFA, speaks with Joel Hart, Managing Director and Chief Risk Officer at Victory Park Capital, about the growing concern of fraud risk in asset-backed finance (ABF) and private credit. As insurance investors increase exposure to these sectors, Joel offers a candid look at why borrower misconduct tends to spike in late-cycle markets and outlines the types of fraud currently emerging such as double pledging, falsified collateral, and manipulated reporting.   Joel also shares how Victory Park Capital's independent risk function, data-driven monitoring systems, and hands-on portfolio management help mitigate these risks across the investment lifecycle. From the cultural importance of being willing to walk away from deals to key due diligence questions insurers should ask ABF managers, this episode delivers timely, actionable insights for insurance allocators navigating a complex credit landscape.

Im Februar 2022 machte die Invasion der Ukraine durch Russland plötzlich die Abhängigkeit der europäischen Landwirtschaft von russischen Stickstoffdüngern deutlich, die aus fossilem Methan hergestellt werden. Um diese Abhängigkeit zu verringern, findet eine vorteilhafte Lösung in der Landwirtschaft zunehmend Beachtung: die Methanisierung. Bei diesem Verfahren werden organische Abfälle aus der Landwirtschaft recycelt, indem sie vergoren werden, um Gase – Biomethan und CO2 – sowie einen natürlichen und erneuerbaren Dünger namens Gärrest zu gewinnen. Die 66.Folge des Podcasts „Nahrung für Europa“ stellt Ihnen Thomas Karle vor, einen deutschen Getreidebauern, der sich seit 25 Jahren für die Methanisierung begeistert. Sophie Bourgeteau-Sadet, Lehrerin und Forscherin in Frankreich, spricht über die Auswirkungen von Gärresten auf die Bodenbiologie. Lucile Sever, politische Beraterin der Europäischen Biogasvereinigung, spricht über die Hindernisse für die Entwicklung der Methanisierung und über Lösungen, die eine Wende herbeiführen könnten. Schließlich gibt Herwig Ranner, Leiter des Teams „Klimawandel” in der Generaldirektion Landwirtschaft und ländliche Entwicklung der Europäischen Kommission, einen Überblick über die Produktion von Biogas und Gärresten und erläutert die Ziele der Europäischen Union in diesem Bereich.

Weitere Themen: Vorstellung Jahresbauprogramm für Straßenbau und Verkehr im Bereich Hameln // Samtgemeinde Wathlingen stellen "Vorsorgekiste" für Krisensituationen vor // ABF in Hannover eröffnet

https://www.whisky.de/p.php?id=BLADN08RW2 Nosing 04:07 Wir verkosten den Bladnoch Eight Red Wine Cask -The Galloway Collection 8 Jahre. Die erste offiziell 8-jährige Abfüllung aus der neuen Produktion der traditionsreichen Lowland-Destillerie Bladnoch setzt den Erfolg der limitierten Vorab-Edition fort und zeigt erneut das hohe Qualitätsniveau der Queen of the Lowlands. Der 8-jährige Lowland-Whisky wurde wie gewohnt ohne Kühlfilterung und in natürlicher Farbe abgefüllt. ► Bladnoch Playlist: https://www.youtube.com/playlist?list=PL0c4kGdVapNRxcOaLwdiHN618dpYgrJTl ► Abonnieren: http://www.youtube.com/user/thewhiskystore?sub_confirmation=1 ► Whisky.de Social Media ○ TikTok: https://www.tiktok.com/@whiskyde ○ Instagram: https://www.instagram.com/whisky.de/ ○ Facebook: https://www.facebook.com/Whisky.de/ ○ Twitter / X: https://www.threads.net/@whisky.de ○ Threads: https://www.threads.net/@whisky.de ○ Telegram: https://t.me/whisky_de ► Podcast: https://www.whisky.de/shop/newsletter/#podcast ► Merch: https://whiskyde-fanartikel.creator-spring.com/ Mehr Informationen finden Sie in unserem Shop auf Whisky.de/shop

Today, we turn our lens to asset-backed finance (ABF), a cornerstone of modern lending that's surging in prominence.

Dillon Stecyk, COO of The Apres Collective, is a creative entrepreneur and one of the driving forces behind the Aroabora Music Festival in Banff - a unique, mountain-set celebration that blends music, nature, and human connection.With a background rooted in events, culture, and collaboration, Dillon has helped shape Aroabora into an experience that brings people together and reminds them what music feels like when it's intentional and intimate.  Dillon brings a refreshingly honest take on building creative projects with friends, navigating the challenges of entrepreneurship, and staying grounded while building something meaningful.In this conversation, Dillon shares the behind-the-scenes realities of festival creation and why community - not scale - is the real measure of success.Guest: Dillon Stecyk - COO of ABF & Apres Collective: Instagram | LinkedIn ABF: Instagram | WebsiteAroabora Music Festival: Instagram | WebsiteHost:Mark Kondrat: Instagram | LinkedIn CREATE - The Podcast:  Instagram | TikTok | Website

Pasta, Pizza, Tiramisu und der passende Wein dazu. Lou und Jonas nehmen Dich mit auf eine kleine Genussreise durch die italienische Küche und zeigen, welche Weine zu Deinen Lieblingsgerichten fast immer funktionieren. Von Bruschetta über Carbonara bis hin zum Dessert – mit einfachen Merksätzen findest Du Dich im Restaurant oder Supermarkt locker zurecht. Wein der Woche Wein-Genuss Soave Frisch und unkompliziert, mit einer klaren, lebendigen Säure. In der Nase Pfirsich, Orangenzeste und ein Hauch mediterrane Leichtigkeit. Gekeltert überwiegend aus Garganega, ergänzt durch kleine Anteile Verdicchio oder Chardonnay – ein klassischer Soave aus der traditionsreichen Region nahe Verona. Weinlexikon: A wie Azienda-Agricola Azienda Agricola ist einfach die italienische Bezeichnung für einen landwirtschaftlichen Betrieb. In der Weinwelt heißt das meist: Der Betrieb baut seine Trauben selbst an und verarbeitet sie oft auch selbst zu Wein – also eher Erzeugerbetrieb als reine Abfüllfirma. Kurz gesagt: mehr Nähe zum Weinberg, weniger Industrie. Genau das Richtige für Deine Weinprobe und zum Üben von Verkostungen: Das Cheers! Aromarad https://www.edeka.de/services/edeka-medien/cheers-podcast/index.jsp Lust auf den perfekten Weinmoment? Mit den Cheers! Weinplaylisten findest Du tolle Musik zu jeder Flasche Wein https://open.spotify.com/user/31umv65e2qkqtw3xamou2qwcoska Möchtest Du uns eine Frage stellen, etwas loswerden oder ein Thema vorschlagen? Dann schreib uns gerne an cheers@edeka.de. Wir freuen uns, von Dir zu hören – Cheers! Weitere Infos zu unserem Podcast findest Du unter edeka.de/cheers. Besuche uns auch gerne auf Instagram https://www.instagram.com/cheers_weinpodcast/. Altershinweis: Dieser Podcast beschäftigt sich mit Wein und hat einen Bezug zu Alkohol. Der Inhalt ist ausschließlich an Personen ab 16 Jahren gerichtet.

Vor kurzem war Weihnachten - das darf man jetzt noch sagen - und unser Whiskyfreund Martin hat wie jedes Jahr seine eigenen kleinen Abfüllungen an einige Freunde verteilt. Auch dieses Mal hat er kleine Fläschchen abgefüllt, selbst gelabelt und mit einer Wachshaube versehen. Dafür nochmal vielen herzlichen Dank! Und heute nehmen wir einen Tomatin 12 Jahre aus der French Collection. Was hat es mit der Collection auf sich? Was ist das für ein Fass und wie schmeckt der gute Tropfen? Bei 46 Vol. % können wir schonmal eines vorweg nehmen: cremig. Und alles weitere erfährst du in dieser Folge, viel Spaß!

In this episode of the Streaming Income podcast, Barings Chairman & CEO Mike Freno shares how long-term partnerships, innovative thinking, and deep global relationships are reshaping the asset management landscape.Key Themes:Long Term Partnership MindsetFreno explains how Barings' ownership model enables true long term thinking and an alignment of interests with clients and partners — creating a foundation for durable, multi decade relationships.Innovative Client PartnershipsAcross the industry, partnerships are shifting away from transactional engagements to deeply aligned, long term strategic relationships. These collaborations — spanning sovereign wealth funds, insurance companies, pensions, and wealth investors — are driven by shared vision, innovative thinking, and mutually beneficial outcomes.Partnerships Unlocking Global OpportunitiesA global presence and an extensive network of relationships are crucial to identifying the best relative value opportunities for clients across regions and asset classes. These partnerships also form the foundation for originating unique, differentiated assets in areas like global real estate, direct lending, asset based finance, and more.Episode Segments:(02:18) – Who is Barings today?(05:04) – How Barings' ownership model allows for a long-term focus and alignment of interests (10:15) – Growth in the Middle East and partnering with like-minded sovereign wealth investors (13:28) – Innovative multi-asset partnerships with pension funds globally (16:34) – Where alts manager / insurance partnerships go next (23:29) – Increasing access to Barings' capabilities to the wealth channel globally (27:06) – Insight into a global real estate platform built to identify value and source unique assets(31:34) – Assessing the health of the direct lending market and the global opportunity for investors(36:06) – The growth in asset-based finance (ABF) and why origination is so critical (40:34) – Solving problems for investors and borrowers in portfolio finance(41:58) – What sets Barings apart (Hint: think culture & team) Make sure to follow our LinkedIn newsletter, Where Credit is Due to stay up-to-date on our latest public & private credit market insights.IMPORTANT INFORMATIONAny forecasts in this podcast are based upon Barings' opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses. Barings is the brand name for the worldwide asset management and associated businesses of Barings LLC and its global affiliates. Barings Securities LLC, Barings (U.K.) Limited, Barings Global Advisers Limited, Barings Australia Pty Ltd, Barings Japan Limited, Barings Real Estate Advisers Europe Finance LLP, BREAE AIFM LLP, Baring Asset Management Limited, Baring International Investment Limited, Baring Fund Managers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management (Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sarl, and Baring Asset Management Korea Limited each are affiliated financial service companies owned by Barings LLC (each, individually, an “Affiliate”).NO OFFER: The podcast is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This podcast is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy.Unless otherwise mentioned, the views contained in this podcast are those of Barings and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. Parts of this podcast may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this podcast is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the informationAny service, security, investment or product outlined in this podcast may not be suitable for a prospective investor or available in their jurisdiction.Copyright in this podcast is owned by Barings. Information in this podcast may be used for your own personal use, but may not be altered, reproduced or distributed without Barings' consent.26-5153115

https://www.whisky.de/p.php?id=TEELI17AW Nosing 3:50 Wir verkosten den Teeling Acacia Wood Single Cask - Whisky.de Exklusiv 2017/2025. Der Teeling Acacia Cask ist eine exklusive Abfüllung, die ausschließlich bei Whisky.de erhältlich ist. Master Distiller Alex Chasko, bekannt für seine innovative Fassauswahl, schuf mit diesem Single Malt ein außergewöhnliches Beispiel irischer Brenn- und Fasskunst. Der Whiskey wurde aus 100% gemälzter Gerste hergestellt und reifte vollständig in Akazienholzfässern, die ihm eine besondere aromatische Tiefe verleihen. ► Teeling Brennereibesichtigung: https://youtu.be/mKFPmnskKN8 ► Teeling Playlist: https://www.youtube.com/playlist?list=PL0c4kGdVapNRmhMMZPo8TiQgUtKouBbaY ► Abonnieren: http://www.youtube.com/user/thewhiskystore?sub_confirmation=1 ► Whisky.de Social Media ○ TikTok: https://www.tiktok.com/@whiskyde ○ Instagram: https://www.instagram.com/whisky.de/ ○ Facebook: https://www.facebook.com/Whisky.de/ ○ Twitter / X: https://www.threads.net/@whisky.de ○ Threads: https://www.threads.net/@whisky.de ○ Telegram: https://t.me/whisky_de ► Podcast: https://www.whisky.de/shop/newsletter/#podcast ► Merch: https://whiskyde-fanartikel.creator-spring.com/ Mehr Informationen finden Sie in unserem Shop auf Whisky.de/shop

Pastor Dan's ABF 2026

https://www.whisky.de/p.php?id=ABERL0ASC Nosing 06:13 Wir verkosten den Aberlour a'bunadh Sherry Cask Collection - Edition 1 - 2025. Mit dem Aberlour a'bundah Sherry Cask Collection Edition 1 präsentiert die Speyside Brennerei einen Meilenstein in der Geschichte der A'Bunadh Abfüllungen. Diese limitierte Edition ehrt die Tradition und Handwerkskunst der Brennerei und ist die erste von drei jährlichen Abfüllungen, die sich vollständig der Sherryfassreifung widmen. Die neue Kollektion repräsentiert die Seele des Speyside-Whiskys und erforscht den transformativen Einfluss der Sherryfassreifung. ► Aberlour Playlist: https://www.youtube.com/playlist?list=PLF684C5AE1A956EFE ► Abonnieren: http://www.youtube.com/user/thewhiskystore?sub_confirmation=1 ► Whisky.de Social Media ○ TikTok: https://www.tiktok.com/@whiskyde ○ Instagram: https://www.instagram.com/whisky.de/ ○ Facebook: https://www.facebook.com/Whisky.de/ ○ Twitter / X: https://www.threads.net/@whisky.de ○ Threads: https://www.threads.net/@whisky.de ○ Telegram: https://t.me/whisky_de ► Podcast: https://www.whisky.de/shop/newsletter/#podcast ► Merch: https://whiskyde-fanartikel.creator-spring.com/ Mehr Informationen finden Sie in unserem Shop auf Whisky.de/shop

News und Informationen finden Sie in unserem Shop auf https://www.whisky.de/whiskyde-news.html 00:00 Whisky.de News 00:12 Highland Park präsentiert neues Cask Strength Release – Heather 00:54 Erster Single Malt aus der Cairn Distillery erschienen 01:13 NEU: Scarabus Single Cask Editionen 01:30 The Glenlivet Small Batch Collection mit drei neuen Abfüllungen 01:52 NEU: Lochlea 7 Jahre - die bislang älteste Abfüllung 02:17 1st Generation – erste Single Casks Serie der Ardnahoe Distillery 02:40 Stirling Distillery untersucht Aluminium als Alternative zu Glas-Flaschen 03:16 Fielden Whisky von Markenagentur GHF übernommen – Relaunch geplant 04:15 Investor möchte Uncle Nearest und ihre Schulden übernehmen 04:49 NEU: Stauning 10 Jahre Peat Smoked Limited Edition 05:13 Kavalan Golden Steed & Peonies - Abfüllung zum Lunar New Year 2026 05:41 Meta schränkt Alkohol-Accounts auf Facebook ein 06:25 Indri Live Tasting am 30.01.2026 ► Abonnieren: http://www.youtube.com/user/thewhiskystore?sub_confirmation=1 ► Whisky.de Social Media ○ TikTok: https://www.tiktok.com/@whiskyde ○ Instagram: https://www.instagram.com/whisky.de/ ○ Facebook: https://www.facebook.com/Whisky.de/ ○ Twitter / X: https://www.threads.net/@whisky.de ○ Threads: https://www.threads.net/@whisky.de ○ Telegram: https://t.me/whisky_de ► Podcast: https://www.whisky.de/shop/newsletter/#podcast ► Merch: https://whiskyde-fanartikel.creator-spring.com/ Mehr Informationen finden Sie in unserem Shop auf Whisky.de/shop

https://www.whisky.de/p.php?id=GFARC14SC Nosing 05:13 Wir verkosten den Glenfarclas The Trinity Vintage Series - Sherry Cask Matured Cask Strength. Nach dem erfolgreichen Start der Trinity Vintage Series No. - Vintage 2012 folgt nun eine weitere Abfüllung der Reihe: Glenfarclas - The Dunnage Warehouses Vintage 2014. Gereift ausschließlich in Oloroso-Sherryfässern. ► Glenfarclas Brennereibesichtigung: https://youtu.be/mzOrS3KACKo ► Glenfarclas Playlist: https://www.youtube.com/playlist?list=PL9F040B23A07F898F ► Abonnieren: http://www.youtube.com/user/thewhiskystore?sub_confirmation=1 ► Whisky.de Social Media ○ TikTok: https://www.tiktok.com/@whiskyde ○ Instagram: https://www.instagram.com/whisky.de/ ○ Facebook: https://www.facebook.com/Whisky.de/ ○ Twitter / X: https://www.threads.net/@whisky.de ○ Threads: https://www.threads.net/@whisky.de ○ Telegram: https://t.me/whisky_de ► Podcast: https://www.whisky.de/shop/newsletter/#podcast ► Merch: https://whiskyde-fanartikel.creator-spring.com/ Mehr Informationen finden Sie in unserem Shop auf Whisky.de/shop

In diesem Video lässt Ben Lüning das Jahr 2025 Revue passieren und fasst nochmal die wichtigsten News der Whiskywelt aus dem Jahr 2025 in einem Video zusammen. News und Informationen finden Sie in unserem Shop auf https://www.whisky.de/whisky/aktuelles/nachrichten.html 00:00 Highlights 00:20 Im Januar strich Brown-Forman mehr als 600 Jobs 00:38 Im Februar gewann Glenmorangie Harrison Ford für eine Werbekampagne 00:55 Im März veröffentlichte Bushmills den ältesten Irish Single Malt der Welt 01:12 Im April erhielt die Edrington Group das Go Famous Grouse zu verkaufen 01:24 Im Mai wurde ein 100-jähriger Whisky angekündigt 01:46 Auch im Mai erschien das neue Design der Aberlour Distillery 01:58 Ebenfalls im Mai feierte Port Ellen ihr 200-jähriges Jubiläum 02:14 Im Juni meldete die Powerscourt Distillery Konkurs an 02:31 Ebenfalls im Juni brachte Prakaan thailändischen Whisky auf die Weltbühne 02:48 Im Juli veröffentlichte Whisky.de die nächste Abfüllung der Animals of Scotland 03:02 Im August ging Glenfiddich eine Kooperation mit Aston Martin ein 03:15 September kam der Knaller: Willem Dafoe geht eine Partnerschaft mit Laphroaig ein 03:40 Im Oktober kündigte Diageo den Produktionsstopp drei weiterer Brennereien an 03:51 Zusätzlich brachte Jack Daniel's im Oktober den hauseigenen 10-jährigen Whisky nach DE 04:05 Im November feierte Edradour das 200-jährige Jubiläum 04:39 Im Dezember wurde verkündet, dass Hans Kemenater Slyrs verlässt 05:10 Ebenfalls im Dezember brachte die InchDairnie Distillery die ersten Single Malts auf den Markt 05:31 Abschließend im Dezember gab Jim Beam bekannt, die Whiskeyproduktion der Hauptbrennerei für 2026 auszusetzen 05:56 Brennereien & Investitionen 06:06 Loch Lomond Group erhält Baugenehmigung für neue Destillerie in Luss 06:20 Highland Park wieder in Betrieb und für Besucher geöffnet 06:34 Loch Lomond Brewery eröffnete Levenbank Distilery 06:54 Eden Mill Destillerie vollständig in Betrieb 07:08 Neue Springs Distillery von Heaven Hill eröffnet 07:25 RD1 Distillery in Lexington, Kentucky eröffnet 07:44 Nine Rivers Distillery nimmt Produktion in China auf 08:02 Personalwechsel & Sonstiges 08:15 Neil Bulloch tritt Nachfolge von Malcolm Rennie bei Rosebank an 08:33 Distillery Manager Colin Gordon verlässt Ardbeg 08:54 Angela D'Orazio wird Creative Director of Whiskymaking bei Compass Box 09:17 Bryony McNiven wird Ardbeg Distillery Manager 09:45 Whisky.de / Whisky.com jetzt in den USA verfügbar ► Abonnieren: http://www.youtube.com/user/thewhiskystore?sub_confirmation=1 ► Whisky.de Social Media ○ TikTok: https://www.tiktok.com/@whiskyde ○ Instagram: https://www.instagram.com/whisky.de/ ○ Facebook: https://www.facebook.com/Whisky.de/ ○ Twitter / X: https://www.threads.net/@whisky.de ○ Threads: https://www.threads.net/@whisky.de ○ Telegram: https://t.me/whisky_de ► Podcast: https://www.whisky.de/shop/newsletter/#podcast ► Merch: https://whiskyde-fanartikel.creator-spring.com/ Mehr Informationen finden Sie in unserem Shop auf Whisky.de/shop

Pastor Dan's ABF starting January 11th, 2026

Was passiert, wenn Walker auf einmal Türen öffnen und Zäune hochklettern können? Was tut man, wenn die eigene Abfälligkeit auf Tonband aufgenommen und dann dem Volk vorgespielt wird? Und wie viele Charaktere aus TWD könntet ihr spontan unter Zeitdruck aufzählen? Wir besprechen heute The Walking Dead Staffel 11 Folge 17, 18, 19 & 20. Nächste Woche besprechen wir die LETZTEN 4 Folgen! Instagram: @aliciajoe und @cashisclay_attitude Learn more about your ad choices. Visit megaphone.fm/adchoices

https://www.whisky.de/p.php?id=1770GLASP2 Nosing 03:50 Wir verkosten den 1770 Glasgow Peated Rich & Smoky. 1770 Glasgow stammt aus der gleichnamigen schottischen Stadt. The Glasgow Distillery Company wurde 2014 gegründet und ist die erste Single Malt Brennerei in Glasgow seit 1902. Nach alter Tradition wird dort nun wieder Single Malt aus schottischer Gerste und Wasser aus dem Loch Katrine hergestellt. Die rauchige Abfüllung Rich and Smoky reift in frischen Weißeichenfässern sowie PX Sherryfässern für einen reifen und fruchtigen Charakter. ► Glasgow Playlist: https://www.youtube.com/playlist?list=PL0c4kGdVapNSsVck5GpWg9UE3HsTd1K_Q ► Abonnieren: http://www.youtube.com/user/thewhiskystore?sub_confirmation=1 ► Whisky.de Social Media ○ TikTok: https://www.tiktok.com/@whiskyde ○ Instagram: https://www.instagram.com/whisky.de/ ○ Facebook: https://www.facebook.com/Whisky.de/ ○ Twitter / X: https://www.threads.net/@whisky.de ○ Threads: https://www.threads.net/@whisky.de ○ Telegram: https://t.me/whisky_de ► Podcast: https://www.whisky.de/shop/newsletter/#podcast ► Merch: https://whiskyde-fanartikel.creator-spring.com/ Mehr Informationen finden Sie in unserem Shop auf Whisky.de/shop

Private asset-based finance (ABF) is gaining prominence in insurance portfolio strategy as insurers evaluate its capital efficiency, structural protections, and yield potential. In this episode of the InsuranceAUM.com podcast, Stewart Foley is joined by John Roglieri, Managing Director in Brookfield's Strategic Credit Initiatives, and Remo Plunkett, Vice President in Brookfield's Credit Group, to explore the evolution of ABF and its growing relevance for insurers.   The discussion covers why ABF is not just a newer version of traditional securitized assets, but a broad, flexible toolkit that includes real assets, recurring cash flows, and customized structures tailored to insurer needs. With insights on risk management, capital treatment, and relative value versus direct lending, this episode offers a timely look at how insurers can build resilient portfolios in an increasingly complex credit environment.

Müll ist mehr als nur Abfall – er spiegelt gesellschaftliche Ungleichheiten wider. Wer verursacht Müll, wer trägt die Verantwortung? Während Reiche ihre Abfälle unsichtbar machen, kämpfen benachteiligte Stadtteile mit stigmatisierter Verschmutzung. Von Henriette Hufgard www.deutschlandfunk.de, Essay und Diskurs

Private asset-based finance (ABF) is the catch-all of credit markets—a diverse and complex segment offering a wide range of investment opportunities. In this follow-up to our previous ABF discussion, we delve deeper into the asset class and what it takes to be successful from origination to underwriting and portfolio construction. We discuss investment areas of interest—as well as those we're apt to avoid—and examine the convergence of structured products and corporate credit through the lens of AI and data center finance. This episode also explores market dynamics, risk management, and where private ABF fits into multi-asset portfolio construction. PGIM's Brian Barnhurst, CFA, Head of Global Credit Research, hosts Oliver Nisenson, Head of Asset-Based Finance. Recorded on November 26, 2025.

In this episode of the InsuranceAUM Podcast, DoubleLine's Andrew Hsu and Fifi Wong share their insights on building resilient insurance portfolios through asset-backed securities (ABS) and asset-based finance (ABF). With more than a decade of experience in structured products and a track record of navigating shifting market conditions, they offer a detailed look at underwriting discipline, deal sourcing, and how their approach has helped avoid high-profile credit pitfalls like recent subprime auto bankruptcies.   From the early days of FinTech-backed student loans to today's more complex private ABF opportunities in sectors like aviation and energy infrastructure, this episode explores how DoubleLine evaluates new collateral types, maintains portfolio quality, and partners with insurance investors for long-term success.   Hosted by Stewart Foley, this discussion is a must-listen for insurance asset managers, CIOs, and anyone interested in how structured credit strategies are evolving in today's uncertain environment.   Listen now and subscribe to stay current on trends in insurance asset management.

00:00 - Intro00:34 - Which Programs to Use With Limited Weights08:19 - Combining Easy Strength, ABF, and Norwegian 4×413:21 - Strength Training After Paralysis17:46 - Fixing Shoulder Pain With Daily Hanging22:03 - Double vs Single ABC24:48 - Simple Nutrition Tracking With Journals28:11 - Using Uneven Kettlebells in the ABC► Personalized workouts based on your schedule, ability, and equipment options. http://www.DanJohnUniversity.com.► If you're interested in getting coached by Dan personally, go to http://DanJohnInnerCircle.com to apply for his private coaching group.► Go to ArmorBuildingFormula.com to get Dan's latest book.

Broccoli statt Bratwurst: Eine Mehrheit im Zürcher Stadtparlament will das Essen im beliebten Zürcher Kinder- und Jugendlager Fiesch klimafreundlicher gestalten. Neu soll höchstens dreimal pro Woche Fleisch oder Fisch serviert werden. Eine bürgerliche Minderheit wehrte sich vergeblich dagegen. Weitere Themen: - Das Pflegepersonal in der Stadt Zürich soll weniger administrativen Aufwand betreiben müssen. - Das Tiefenlager für radioaktive Abfälle in Stadel hat einen Namen.

Ein Online-Namensvoting hat entschieden: Das geplante Endlager für radioaktive Abfälle in Stadel im Zürcher Unterland heisst «Terradura». Kritiker sprechen von Verharmlosung. Weitere Themen: · Die Finanzkommission des Zürcher Kantonsrats will die Steuern um 3 Prozentpunkte senken. Der Regierungsrat ist dagegen · Der Kanton Zürich plant 19 neue Deponiestandorte Hinweis: In einer ersten Version nannten wir zum Schluss des Beitrags das geplante Tiefenlager in Stadel «Terranova» statt richtigerweise «Terradura». Das war falsch und wurde korrigiert. Für den Fehler bitten wir um Entschuldigung und danken für den Korrekturhinweis.

In this 2026 Outlook discussion, our experts across Direct Lending, Asset-Based Finance and Portfolio Finance cover:- Where they see value and how they're assessing risks- What trends are shaping the landscape in the year ahead- Their personal “bold predictions” for 2026Panelists:Orla Walsh – Head of Europe Private Credit Portfolio ManagementJim Moore – Head of Asset-Based FinanceDadong Yan – Head of Portfolio Finance Episode Segments:(01:47) – 3 trends shaping the landscape for private credit (05:30) – Assessing risks in private credit today (07:57) – Deal pricing and structuring dynamics (10:12) – Private credit's runway for growth (12:41) – Regional divergences & the impact of tariffs(19:29) – Defining private asset-based finance (23:22) – How macroeconomic trends & divergences are shaping the landscape (29:53) – Jim's bold prediction for ABF in 2026 (34:02) – Defining portfolio finance and why it's gaining traction (40:40) – Key risks facing the market (44:17) – Misconceptions around the market (47:39) – Dadong's bold prediction for portfolio finance in 2026 Make sure to follow our LinkedIn newsletter, Where Credit is Due to stay up-to-date on our latest public & private credit market insights.IMPORTANT INFORMATIONAny forecasts in this podcast are based upon Barings' opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses. Barings is the brand name for the worldwide asset management and associated businesses of Barings LLC and its global affiliates. Barings Securities LLC, Barings (U.K.) Limited, Barings Global Advisers Limited, Barings Australia Pty Ltd, Barings Japan Limited, Barings Real Estate Advisers Europe Finance LLP, BREAE AIFM LLP, Baring Asset Management Limited, Baring International Investment Limited, Baring Fund Managers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management (Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sarl, and Baring Asset Management Korea Limited each are affiliated financial service companies owned by Barings LLC (each, individually, an “Affiliate”).NO OFFER: The podcast is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This podcast is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy.Unless otherwise mentioned, the views contained in this podcast are those of Barings and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. Parts of this podcast may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this podcast is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the informationAny service, security, investment or product outlined in this podcast may not be suitable for a prospective investor or available in their jurisdiction.Copyright in this podcast is owned by Barings. Information in this podcast may be used for your own personal use, but may not be altered, reproduced or distributed without Barings' consent.25-4971702

00:00 - Intro01:02 - Balancing ES, ABF, and Powerlifting07:41 - Dan John on The Walk After the Weights16:10 - Transitioning from Single to Double Bell ABC20:59 - 3x3 vs 5x2 for Easy Strength for Fat Loss27:53 - Finding Gaps and Goals for Lifelong Health33:53 - Finding “Enough” Before Diminishing Returns40:09 - Building the Single Kettlebell Press46:23 - Minimalist Work for the Seasoned Lifter48:46 - Rite of Passage to ABC with Single Bells54:30 - Building a Sustainable Training Week in Midlife► Personalized workouts based on your schedule, ability, and equipment options. http://www.DanJohnUniversity.com.► If you're interested in getting coached by Dan personally, go to http://DanJohnInnerCircle.com to apply for his private coaching group.► Go to ArmorBuildingFormula.com to get Dan's latest book.

With Morgan Stanley's European Leveraged Finance Conference underway, our Head of Corporate Credit Research Andrew Sheets joins Chief Fixed Income Strategist Vishy Tirupattur to discuss private credit, M&A activity and AI infrastructure.Read more insights from Morgan Stanley.----- Transcript ----- Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan StanleyVishy Tirupattur: And I'm Vishy Tirupattur, Morgan Stanley's Chief Fixed Income Strategist.Andrew Sheets: Today, as we're hosting the Morgan Stanley European Leveraged Finance Conference, a discussion of three of the biggest topics on the minds of credit investors worldwide.It's Thursday, October 16th at 4pm in London.Vishy, it's so great to catch up with you here in London. I know you've been running around the world, quite literally, talking to investors about some of the biggest debates in credit – and that's exactly what we wanted to talk. We're here at Morgan Stanley's European Leveraged Finance Conference. We're talking with investors about the biggest debates, the biggest developments in credit markets, and there are really kind of three topics that stand out.There's what's going on with private credit? What's going on with the merger and acquisition, the M&A cycle? And how are we going to fund all of this AI infrastructure?And so maybe I'll throw the first question to you. We hear a lot about private credit, and so maybe just for the listener who's looking at a lot of different things. First, how do you define it? What are we really talking about when we're talking about private credit?Vishy Tirupattur: So, Andrew, when we talk about private credit, the most common understanding of private credit is lending by non-banks to small and medium sized companies. And we probably will discuss a bit later that this definition is actually expanding much beyond this narrow definition. So, when you think about private credit and spend time understanding what is the credit in private credit, what it boils down to is on average, on a leveraged basis, the credit in private credit is comparable to, say CCC to B - on a coverage basis to the public markets.So, the credits in the private credit market are weaker. But on the other hand, the quality of covenants in these deals is significantly better compared to the public credit markets. So, that's the credit in private credit.Andrew Sheets: So, Vishy, with that in mind then, what is the concern in this market? Or conversely, where do people see the opportunity?Vishy Tirupattur: So, the concern in this market comes from the opaqueness in these deals. Many of these private credit borrowers are not public filers. So not much is well known about what the underlying details are. But in a sense, a good part of the public markets, whether it's in high yield bonds or in the public, broadly syndicated leveraged loans are also not public filers. So, there is information asymmetry in those markets as well.So, the issue is not the opaqueness of private markets, but opaqueness in credit in general. But that said, when you look at the metrics of leverage, coverage, cash on balance sheet…Andrew Sheets: Because we can get some kind of high-level sense of what is in these portfolios...Vishy Tirupattur: Yeah. And we look at all those metrics, and we look at a wide range of metrics. We don't get to the conclusion that we are at a precipice of some systemic risk exposure in credit. On the other hand, there are idiosyncratic issues. And these idiosyncratic issues have always been there and will remain there. And we would expect that the default rates are sticky around these levels, which are slightly above the long-term average levels, and we expect that to remain.Andrew Sheets: So, you may see more dispersion within these portfolios. These are weaker, more cyclical, more levered companies. But overall, this is not something that we think at the moment is going to interrupt the credit cycle or the broader markets dynamic.Vishy Tirupattur: Absolutely. That is exactly where we come down to.So, Andrew, let me throw another question back at you. There's a lot of talk of growing M&A, growing LBO activity. And that could potentially lead to some challenges on the credit front. How do you look at it?Andrew Sheets: So, I'd like to actually build upon your answer from private credit, right? Because I think a lot of the questions that we're getting from investors are around this question of how far along in this always, kind of, cyclical process; ebb and flow of lending aggressiveness are we? And, you know, this is a cycle that goes back a hundred years – of lenders becoming more conservative and tighter with lending. And then as times get good, they become somewhat looser. And initially that's fine. And then eventually something, something happens.And so, I think we've seen the development of new markets like private credit that have opened up new lending opportunities and then also new questions. And I think we've also seen this question come up around M&A and corporate activity.And as we start to see headlines of very large leveraged buyouts or LBOs, as we start to see more merger and acquisition – M&A – activity coming back; something we've at Morgan Stanley been believers in. Are we really starting to see the things that we saw in the year 2000, or in the year 2007, when you saw very active capital markets actually coinciding with kind of near the peak of equity markets near the top of major market cycles.And in short, we do not think we're there yet. If we look at the actual volumes that we're seeing, we're actually a little bit below average in terms of corporate activity. There's really been a dearth of corporate activity after COVID. We're still catching up. Secondly, the big transactions that we're seeing are still more conservatively structured, which isn't usually what you see right at the end. And so, I think between these two things with still a lot of supportive factors for more corporate activity, we think we have further to go.Vishy Tirupattur: On that point, Andrew, I think if you look at the LBOs that are happening today versus the LBOs that happened in the 2007 era, the equity contribution is dramatically different. You know, equity to debt, these LBOs that are happening today [are] of a substantially higher amount of equity contribution compared to the LBOs we saw pre-Financial Crisis…Andrew Sheets: That's such a great point. And the listener may not know this, but Vishy and I were working together at Morgan Stanley prior to the Financial Crisis, and we were working in credit research when a lot of these LBOs were happening, and…Vishy Tirupattur: And I used to be tall and good looking.Andrew Sheets: (laughs) And they were just very different. We're still not there. If you go back and pull the numbers, you're looking at transactions still that are far more conservative than what we saw then. So, you know, this activity is cyclical, and I think we do have to watch deregulation, right? You saw a lot of regulations come in after the Financial Crisis that led to more conservative lending. If those regulations get rolled back, we could really move back towards more aggressive lending. But we haven't quite seen that yet.Vishy Tirupattur: Absolutely not.Andrew Sheets: And Vishy, maybe the third question that comes up a lot. We've covered private credit, which is very topical. We've covered kind of corporate aggressiveness. But maybe the icing on the cake. The biggest question is AI – and is AI spending?And it just feels like every day you come into the office and there's another headline on CNBC or Bloomberg about another mega AI funding deal. And the question is, okay, where's all that money going to come from?And maybe some of it comes from these companies themselves. They're very profitable, but credit might have to fill in some of the gaps. And you and some of our colleagues have done a lot of work on this. Where do you think kind of the lending story and the borrowing story fits into this broader AI theme?Vishy Tirupattur: Our estimate of simply data center related CapEx requirements are close to $3 trillion. You add the power required for the data centers and add another $300-400 billion. So, a lot of this CapEx will come from – roughly about half might come from the operating cash flows of the hyperscalers. But the rest, so [$]1.5 trillion plus, has to come through various channels of credit.So, unsecured corporate credit, we think will play a fairly small role in this. Of that [$]1.5 trillion plus, maybe [$]200 billion to come from unsecured credit issuance by these hyperscalers, and perhaps some of the securitized markets, such as ABS and CMBS that rely on stabilized cash flows may be another 1[$]50 billion. But a different version of private credit, what we will call ABF or asset based finance, will play a very big role. So north of [$]800 billion we think will come from that kind of a private credit version of investment grade, or a private credit markets developing. So, this market is very much in the developmental mode.So, one way or the other, for AI to go from where it is today to substantially improving productivity and the earnings of companies that has to go through CapEx; and that CapEx needs to go through credit markets.Andrew Sheets: And I think that is so fascinating because, right Vishy, so much of the spending is still ahead of us. It hasn't even really started, if you look at the numbers.Vishy Tirupattur: Absolutely. We are in the early stages of this CapEx cycle. We should expect to see a lot more CapEx and that CapEx train has to run through credit markets.Andrew Sheets: So, Vishy, there's obviously a lot of history in financial markets of larger CapEx booms, and some of them work out well, and some of them don't. I mean, if you are trying to think about some of the dynamics of this funding for AI and data centers more broadly versus some of these other CapEx cycles that investors might be familiar with. Are there some similar dynamics and some key differences that you try to keep in mind?Vishy Tirupattur: So, in terms of similarities, you know, they're big numbers, whichever way you cut it, these numbers are going to be big dollar numbers.But there are substantial differences between the most recent CapEx boom that we saw towards the end of the late 90s, early 2000s; we saw a massive telecom boom, telecom related CapEx. The big difference is that spending was done by – predominantly by companies that had put debt on their balance sheet. They were already very leveraged. They were just barely investment grade or some below investment grade companies with not much cash on their balance sheet.And you contrast that with today's world, much of this is being done by highly rated companies; the hyperscalers or between, you know, A+ to AAA rated companies, with a lot of cash on their balance sheets and with very little outstanding debt on their part.On top of that, the kind of channels that exist today, you know, data center, ABS and CMBS, asset-based finance, joint venture kind of financing. All of these channels were simply not available back then. And the fact that they all are available today means that this risk of CapEx is actually much more widely distributed.So that makes me feel a lot better about the evolution of this CapEx cycle compared to the most recent one we saw.Andrew Sheets: Private credit, a rise in M&A and a very active funding market for AI. Three big topics that are defining the credit debate today. Vishy, thanks for taking the time to talk.Vishy Tirupattur: Andrew, always fun to hang with youAndrew Sheets: And thank you for listening. If you enjoy Thoughts on the Market, please leave us review wherever you listen and tell a friend or colleague about us today.

In this episode of the InsuranceAUM.com podcast, host Stewart Foley, CFA, is joined by Frank Melaccio, CFA, CPA, FRM, Vice President, Finance and Treasurer at Horizon Blue Cross Blue Shield of New Jersey, and Jason Young, Head of U.S. Corporate Private Placements and Private Structured Credit at MetLife Investment Management (MIM). The discussion explores the evolving role of investment-grade private credit and asset-based finance (ABF) in health insurance investment portfolios. Both guests share their career journeys, personal anecdotes, and their perspectives on strategic asset allocation within the unique cash flow structures of health insurers.   Together, they dive into the diversification benefits, relative value opportunities, and liquidity considerations of IG private placements and ABF. Frank offers insights into how health insurers manage illiquidity risk while optimizing return on capital, and Jason sheds light on how the ABF market has matured with shorter durations and more investor interest. This episode is packed with expert perspectives on credit market dynamics, the future of private fixed income, and how health insurers can better position their portfolios in today's rapidly changing environment.

Join us for an educational webinar featuring Macrae Sykes, Portfolio Manager of The Gabelli Financial Services Opportunities ETF (GABF); moderated by Audrey Melville, Director of Marketing. This session explores: - The long-term power of the American Tailwind, a concept championed by Warren Buffett. - How GABF has strategically positioned itself to capitalize on secular shifts in financial services, including digital transformation, wealth transfer, and regulatory catalysts. - What makes a “great business” and how GABF identifies them. - Why active management matters in today's ETF landscape—and how GABF differentiates from passive peers. We also examine: - ABF's compelling fundamentals: 3-year track record, competitive valuation, and attractive-growth portfolio. - Real-world examples of portfolio holdings with entrepreneurial leadership and durable economic moats. - How themes like AI in financial services, the Baby Boomer wealth transfer, and regulatory shifts may unlock growth opportunities. This is a recording of a live webinar that aired on October 7th, 2025. 0:00 Opening Remarks 2:53    Introduction by Macrae Sykes 3:36   "The American Tailwind" 5:58   Great Businesses 8:51   Bank Consolidation 9:58   Yield Curve and the Federal Reserve Rate Outlook 15:33  Aging of the Population 17:27  AI - Financial Services 22:54  Entrepreneurial Mindsets 31:50  American Express 43:02 Contact us 43:54 Disclaimers To learn more about Gabelli Funds' fundamental, research-driven approach to investing, visit https://m.gabelli.com/gtv_cu or email invest@gabelli.com. Connect with Gabelli Funds: • X - https://x.com/InvestGabelli • Instagram - https://www.instagram.com/investgabelli/ • Facebook - https://www.facebook.com/InvestGabelli • LinkedIn - https://www.linkedin.com/company/investgabelli/ http://www.Gabelli.com Invest with Us 1-800-GABELLI (800-422-3554)

00:00 - Intro00:49 - The Role of Emotions in Training and Mental Warm-Up10:22 - If Dan John Opens a Gym...13:21 - Adding Sprint Work to ABF as a Busy Dad16:44 - Building Rack Strength in ABF19:29 - Dan John's Favorite Sports Movies25:27 - Doing Pull-ups without MAPS30:01 - Dan John on Building and Maintaining Strong Relationships► Personalized workouts based on your schedule, ability, and equipment options. http://www.DanJohnUniversity.com.► If you're interested in getting coached by Dan personally, go to http://DanJohnInnerCircle.com to apply for his private coaching group.► Go to ArmorBuildingFormula.com to get Dan's latest book.

00:00 - Intro00:57 - Understanding the High Volume in the ABF07:43 - Alternating Barbell and Kettlebell Workouts12:07 - Dan John's Travel Workout Routine16:12 - Making Meditation a Daily Practice and Its Benefits23:32 - The Value of Suitcase Carry27:22 - Running the Armor Building Formula Twice a Week33:09 - Starting Olympic Lifts as a Powerlifter36:22 - Dan John's Guide to Losing 50 Pounds41:32 - Adding Pull-ups to Armor Building?!43:45 - Reaching 30 Mins in ABF, Next?45:50 - The Best Way to Increase ABF Numbers► Personalized workouts based on your schedule, ability, and equipment options. http://www.DanJohnUniversity.com.► If you're interested in getting coached by Dan personally, go to http://DanJohnInnerCircle.com to apply for his private coaching group.► Go to ArmorBuildingFormula.com to get Dan's latest book.

00:00 - Intro00:47 - ABF and Easy Strength for Gaining Strength06:45 - Doing Too Much Cardio in ES4FL14:58 - Best Father Son Workouts26:06 - Starting a Program As a Beginner34:16 - Right Age for Kids to Start Working Out38:26 - Adding in Olympic Lifts into Your Workouts► Personalized workouts based on your schedule, ability, and equipment options. http://www.DanJohnUniversity.com.► If you're interested in getting coached by Dan personally, go to http://DanJohnInnerCircle.com to apply for his private coaching group.► Go to ArmorBuildingFormula.com to get Dan's latest book.

In this episode, Jeff and Becky welcome Indiana beekeeper Dave McComb to share his journey from inheriting one defensive hive in 2018 to managing over 100 colonies, producing honey, nucs, and queens with remarkable success. Dave explains how he quickly immersed himself in beekeeping education, adopted single-deep hive management, and built an operation known for exceptionally low winter losses. Beyond management techniques, Dave opens up about his business growth, from building a website and learning social media outreach to creating innovative honey products—like single-serve honey packets for athletes, inspired by his years as a competitive cyclist. He also discusses the value of honey shows, where his award-winning creamed honey has earned recognition at the state, national, and ABF levels. Whether you're curious about improving colony survival, queen management, or expanding your beekeeping into a thriving sideline business, Dave's story is full of inspiration and practical takeaways. Websites from the episode and others we recommend: Dave McComb's Apiary Website: https://www.mccombees.com Indiana Queen Breeders Assn: https://www.iqbaindiana.com BTP Episode with Randy Oliver: https://www.beekeepingtodaypodcast.com/318 Project Apis m. (PAm): https://www.projectapism.org Honey Bee Health Coalition: https://honeybeehealthcoalition.org The National Honey Board: https://honey.com Honey Bee Obscura Podcast: https://honeybeeobscura.com   Copyright © 2025 by Growing Planet Media, LLC     ______________ Betterbee is the presenting sponsor of Beekeeping Today Podcast. Betterbee's mission is to support every beekeeper with excellent customer service, continued education and quality equipment. From their colorful and informative catalog to their support of beekeeper educational activities, including this podcast series, Betterbee truly is Beekeepers Serving Beekeepers. See for yourself at www.betterbee.com This episode is brought to you by Global Patties! Global offers a variety of standard and custom patties. Visit them today at http://globalpatties.com and let them know you appreciate them sponsoring this episode!  Thanks to Bee Smart Designs as a sponsor of this podcast! Bee Smart Designs is the creator of innovative, modular and interchangeable hive systems made in the USA using recycled and American sourced materials. Bee Smart Designs - Simply better beekeeping for the modern beekeeper. Thanks to Strong Microbials for their support of Beekeeping Today Podcast. Find out more about their line of probiotics in our Season 3, Episode 12 episode and from their website: https://www.strongmicrobials.com Thanks for Northern Bee Books for their support. Northern Bee Books is the publisher of bee books available worldwide from their website or from Amazon and bookstores everywhere. They are also the publishers of The Beekeepers Quarterly and Natural Bee Husbandry. _______________ We hope you enjoy this podcast and welcome your questions and comments in the show notes of this episode or: questions@beekeepingtodaypodcast.com Thank you for listening!  Podcast music: Be Strong by Young Presidents; Epilogue by Musicalman; Faraday by BeGun; Walking in Paris by Studio Le Bus; A Fresh New Start by Pete Morse; Wedding Day by Boomer; Christmas Avenue by Immersive Music; Red Jack Blues by Daniel Hart; Original guitar background instrumental by Jeff Ott. Beekeeping Today Podcast is an audio production of Growing Planet Media, LLC Copyright © 2025 by Growing Planet Media, LLC

Most people facing legal problems don't see them as legal at all—they see them as life problems with landlords, employers, or benefits agencies. That disconnect leaves millions without meaningful help, even when lawyers or courts are available.  In this episode, Zack Glaser talks with Professor Rebecca Sandefur (Arizona State University, American Bar Foundation) and Matthew Burnett (Georgetown Law, ABF) about their research on community justice workers and why people-centered solutions may be the key to closing the justice gap.  They explore how community justice workers operate in Alaska and beyond, why legal help doesn't always have to come from lawyers, and how rules around unauthorized practice of law are evolving. You'll hear evidence that trained non-lawyers can be just as effective—sometimes more so—than attorneys in resolving critical issues like housing or benefits.  Rebecca and Matthew also discuss what “success” really means: scalable, sustainable programs that meet people where they are, in their own communities, in their own language. And they argue that broadening access to justice isn't just about legal services—it's about strengthening democracy itself.  This episode is for lawyers, policymakers, and innovators who want to reimagine how legal help is delivered—and build a justice system that actually works for the people it's meant to serve.  Additionally, Zack and Stephanie talk about the upcoming ClioCon 2025 in Boston, MA. Check out the conference and get your tickets at cliocon.com. Use the code “LawyeristxClioCon” for a $300 discount on your ticket.    Listen to our other episodes on Access To Justice:  #129: The Business of Public Access to Law, with Tim Stanley   Apple | Spotify | LTN  #228: The Real Access-to-Justice Problem and How We Might Solve It, with Rebecca Sandefur  Apple | Spotify | LTN  #423: Bridging the Access to Justice Gap with Technology, with Sateesh Nori  Apple | Spotify | LTN  #440: A Path to Meaningful Regulations, with Rebecca Sandefur  Apple | Spotify | LTN  If today's podcast resonates with you and you haven't read The Small Firm Roadmap Revisited yet, get the first chapter right now for free! Looking for help beyond the book? See if our coaching community is right for you.    Access more resources from Lawyerist at lawyerist.com.    Chapters/Timestamps:  00:00 – Fall & ClioCon in Boston05:24 – Meet Rebecca Sandefur & Matthew Burnett06:50 – A People-Centered Justice Approach11:08 – Community Justice Workers Explained15:55 – Legal Help Without Lawyers20:31 – What Success Really Looks Like25:23 – State Models & Next Steps34:30 – Scaling Justice & Strengthening Democracy38:49 – Final Takeaways 

Until now, the AI buildout has largely been self-funded. Our Chief Fixed Income Strategist Vishy Tirupattur and our Head of U.S. Credit Strategy Vishwas Patkar explain the role of credit markets to fund a potential financing gap of $1.5 trillion as spending on data centers and hardware keeps ramping up.Read more insights from Morgan Stanley.----- Transcript ----- Vishy Tirupattur: Welcome to Thoughts on the Market. I am Vishy Tirupattur, Morgan Stanley's Chief Fixed Income Strategist.Vishwas Patkar: And I'm Vishwas Patkar, Head of U.S. Credit Strategy at Morgan Stanley.Vishy Tirupattur: Today we want to talk about the opportunities and challenges in the credit markets, in the context of AI and data center financing.It's Wednesday, August 6th at 3pm in New York.Vishy Tirupattur: So, Vishwas spending on AI and data centers is really not new. It's been going on for a while. How has this CapEx been financed so far predominantly? What has changed now? And why do we need greater involvement of credit markets of different stripes?Vishwas Patkar: You're right, Vishy. So, CapEx on AI is certainly not new. So last year the hyperscalers alone spent more than $200 billion on AI related CapEx. What changes from here on, to your question, is the numbers just ramp up sharply. So, if you look at Morgan Stanley's estimates leveraging work done by our colleague Stephen Byrd over the next four years, there's about [$]2.9 trillion of CapEx that needs to be spent across hardware and data center bills.So what changes is, while CapEx so far has been largely self-funded by hyperscalers, we think that will not be the case going forward. So, when we leverage the work that has been done by our equity research colleagues around how much the hyperscalers can spend, we've identified a [$]1.5 trillion financing gap that has to be met by external capital. And we think credit would play a big role in that.Vishy Tirupattur: A financing gap of [$]1.5 trillion. Wow. That's a big number, by any measure. You talked about multiple credit channels that would need to be involved. Can you talk about rough sizing of these channels?Vishwas Patkar: Yep. So, we looked at four broad channels in the report that went out a few weeks ago. So, that [$]1.5 trillion gap breaks out into roughly [$]800 billion across private credit, which we think will be led by asset-based finance. Another [$]200 billion we think will come from Investment Grade rated bond issuance from the large tech names. Another [$]150 billion comes through securitized credit issuance via data center ABS and CMBS. And then finally there is a [$]350 billion plug that we've used. It's a catchall term for all other forms of financing that can cover sovereign spend, PE (private equity), VC among others,Vishy Tirupattur: The technology sector is fairly small within the context of corporate grade markets. You are estimating something like [$]200 billion of financing to come from this channel. Why not more?Vishwas Patkar: So, I think it comes down to really willingness versus ability. And, you know, you raise a good point. Tech names certainly have a lot of capacity to issue debt. And when I look at some of the work done by my colleague Lindsay Tyler in this report, the big four hyperscalers alone could issue over [$]600 billion of incremental debt without hurting their credit ratings.That said, our assumption is that early in the CapEx cycle, companies will be a little hesitant to do significantly debt funded investments as that might be seen as a suboptimal outcome for shareholder returns. And that's why we have reduced the magnitude of how much debt issuance could be vis-a-vis the actual capacity some of these companies have.So, Vishy, I talked about private credit meeting about half of the investment gap that we've identified and within that asset-based finance being a very important channel. So, what is ABF and why do you expect it to play such a big role in financing AI and data centers?Vishy Tirupattur: So, ABF is a very broad term for financing arrangements within the context of private credit. These are financing arrangements that are secured by loans and contractual cash flows such as leases – either with hard assets or without hard assets. So, the underlying concept itself is pretty widely used in securitizations.So, the difference between ABF structures and ABS structures is that the ABF structures are highly bespoke. They enable lots of customization to fit the specific needs of the investors and issuers in terms of risk tolerance, ratings, returns, duration, term, et cetera.So, ABS structures, on the other hand, are pretty standardized structures, you know, driven mainly by rating agencies – often requiring fairly stabilized cash flows with very strict requirements of lessee characteristics and sometimes residual value guarantees, in cases where hard assets are actually part of the collateral package.So, ABF opens up a wider range of possible structures and financing options to include assets that are on different stages of development. Remember, this is a very nascent industry. So, there are data centers that are fully stabilized cash flows, and there are data centers that are in very early stages of building with just land, or land and power access just being established.So, ABF structures can really do it in the form of a single asset or single facility financing or could include a portfolio of multiple assets and facilities that are in different stages of development.So, put all these things together, the nascent nature and the bespoke needs of data center financing call for a solution like ABF.Vishwas Patkar: And then taking a step back. So, as you said, the [$]1.5 trillion financing gap; I mean, that's a big number. That's larger than the size of the high yield market and the leveraged loan market.So, the question is, who are the investors in these structures, and where do you think the money ultimately comes from?Vishy Tirupattur: So, there is really a favorable alignment here of significant and substantial dry powder across different credit markets. And they're looking for attractive yields with appeal to a sticky investor base. This end investor base consists of investors such as insurance companies, sovereign wealth funds, pension funds, endowments, and high net worth retail individuals.Vishy Tirupattur: These are looking for scalable high quality asset exposures that can provide diversification benefits. And what we are talking about in terms of AI and data center financing precisely fall into that kind of investment. And we think this alignment of the need for capital and need for investments, that bridges this gap for [$]1.5 trillion that we're talking about here.So, my final question to you, Vishwas, is this. Where could we be wrong in our assessment of the financing through the various credit market channels?Vishwas Patkar: With the caveat that there are a lot of assumptions and moving parts in the framework that we build, I would flag really two risks. One macro, one micro.The macro one I would talk about in the context of credit market capacity. A lot of the favorable dynamics that you talked about come from where the level of rates are. So, if the economy slows and yields were to drop sharply, then I think the demand that credit markets are seeing could come into question, could see a slowdown over the coming years.The more micro risks, I think really come from how quickly or how slowly AI gets monetized by the big tech names. So, while we are quite optimistic about revenue generation a few years out, if in reality revenues are stronger than expected, then you could see more reliance on the public markets.So, for instance, the 200 billion of corporate bond issuance is likely going to be skewed higher in a more optimistic scenario. On the flip side, if there is mmuch ore uncertainty around the path to revenue generation, and if you see hyperscalers pulling back a bit on CapEx – then at the margin that could push more financing to the way of credit markets. In which case the overall [$]1.5 trillion number could also be biased higher.So those are the two big risks in my view.Vishy Tirupattur: So, Vishwas, any way you look at it, these numbers are big. And whether you are involved in AI or whether you're thinking about credit markets, these are numbers and developments that you cannot ignore.So, Vishwas, thanks so much for joining.Vishwas Patkar: Thank you for having me on Vishy.Vishy Tirupattur: And thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Joining the AI race also requires building out massive physical infrastructure. Our Head of Corporate Credit Research Andrew Sheets explains why credit markets may play a critical role in the endeavor.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan Stanley.Today – how the world may fund $3 trillion of expected spending on AI. It's Friday July 25th at 2pm in London.Whether you factor it in or not, AI is rapidly becoming a regular part of our daily lives. Checking the weather before you step out of the house. Using your smartphone to navigate to your next destination, with real time traffic updates. Writing that last minute wedding speech. An app that reminds you to take your medication or maybe reminds you to power off your device.All of these capabilities require enormous physical infrastructure, from chips to data centers, to the electricity to power it all. And however large AI is seen so far, we really haven't seen anything yet. Over the next five years, we think that global data center capacity increases by a factor of six times. The cost of this spending is set to be extraordinary. $3 trillion by the end of 2028 on just the data centers and their hardware alone. Where will all this money come from? In a recent deep dive report published last week, a number of teams within Morgan Stanley Research attempted to answer just that. First, large cap technology companies, which are also commonly called the hyperscalers. Well, they are large and profitable. We think they may fund half of the spending out of their own cash flows. But that leaves the other half to come from outside sources. And we think that credit markets – corporate bonds, securitized credit, asset-backed finance markets – they're gonna have a large role to play, given the enormous sums involved.For corporate bonds, the asset class closest to my heart, we estimate an additional $200 billion of issuance to fund these endeavors. Technology companies do currently borrow less than other sectors relative to their cash flow, and so we're starting from a relatively good place if you want to be borrowing more – given that they're a small part of the current bond market. While technology is over 30 percent of the S&P 500 Equity Index, it's just 10 percent of the Investment Grade Bond Index.Indeed, a relevant question might be why these companies don't end up borrowing more through corporate bonds, given this relatively good starting position. Well, some of this we think is capacity. The largest non-financial issuers of bonds today have at most $80 to $90 billion of bonds outstanding. And so as good as these big tech businesses are, asking investors to make them the largest part of the bond market effectively overnight is going to be difficult. Some of our thinking is also driven by corporate finance. We are still in the early stages of this AI build out where the risks are the highest. And so, rather than take these risks on their own balance sheet, we think many tech companies may prefer partnerships that cost a bit more but provide a lot more flexibility. One such partnership that you'll likely to hear a lot more about is Asset Backed Finance or ABF. We see major growth in this area, and we think it may ultimately provide roughly $800 billion of the required funding.The stakes of this AI build out are high. It's not hyperbole to say that many large tech companies see this race to develop AI technology as non-negotiable. The cost of simply competing in this race, let alone winning it – could be enormous. The positive side of this whole story is that we're in the early innings of one of the next great runs of productive capital investment, something that credit markets have helped fund for hundreds of years. The risks, as can often be the case with large spending, is that more is built than needed; that technology does change, or that more mundane issues like there not being enough electricity change the economics of the endeavor.AI will be a theme set to dominate the investment debate for years to come. Credit may not be the main vector of the story. But it's certainly a critical part of it. Thank you as always, for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen. And also tell a friend or colleague about us today.